european banks
October 9th, 2008
Following recent events with banks in the US and UK, what will happen should your bank fail? Here is a summary of the various deposit compensation schemes in place in Spain, the UK and Ireland. Under the European Directive on Deposit Guarantee Schemes, European banks must provide a minimum guarantee level ...
Continue reading Safe as Houses – Bank Deposit Guarantee Schemes
September 22nd, 2008
Wall Street is in turmoil and the rest of the world looks on with trepidation. Thousands of miles away, banks across Europe are being forced to face up to the fact that there is more pain to come for them. Deciding which will be the last bank to collapse in ...
Continue reading European Banks Also Face More Pain
September 5th, 2008
Fitch Ratings has downgraded six sets of Spanish mortgage securities issued by Banco Santander, heightening concerns that the damage from Spain’s property crash is spreading to the country’s strongest lenders. The loans were “sliced and diced” and packaged in an identical way to sub-prime mortgage bonds in the US, belying claims ...
Continue reading Concern Over Spanish Bank Securities
December 28th, 2006
Britons living abroad tend to open an offshore bank account to help with their banking arrangements. You will also need to open a local bank account in Spain, but if you retain financial transactions in the UK, or wish to benefit from higher interest rates, then an offshore bank account ...
Continue reading Offshore Banking For British Expatriates
